Daily Debrief: What Happened Today
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Globalfoundries breaks ground on new US$4b fab in Singapore
THE US$4 billion investment, established in partnership with the Singapore Economic Development Board and with co-investment from committed customers, will add 250,000 square feet of clean-room space and new administrative offices at Woodlands Wafer Fab Park.
Number of millionaires in Singapore expected to rise 61.9% by 2025: Credit Suisse report THE number of millionaires in Singapore is expected to jump by 61.9 per cent by 2025 to about 437,000, from the current 270,000 millionaires, according to a global wealth report by Credit Suisse.
Employers to get S$2.2b in Jobs Support Scheme payouts from June 30
TO qualify for the payout, employers would have to have made mandatory Central Provident Fund (CPF) contributions for their local employees from January to March 2021 by the stipulated deadlines.
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ecoWise's CEO changes locks on server room, suspends deputy CEO
IN a June 22 filing, ecoWise said Mr Lee and a group of personnel from IT firm Stone Forest had on June 15 forcefully entered the "highly restricted" server room at the company's Sungei Kadut office.
Grab to launch EV pilots with Hyundai to drive South-east Asia adoption
THE aim is to lower the barrier to entry for EV adoption in South-east Asia, as well as reduce "range anxiety", or the fear that EVs have inadequate range to reach a destination.
Hatten Land partners The Medici-Watermark to manage its three malls in Melaka
THE property developer said The Medici-Watermark will use the retail and business space to develop new and innovative usage concepts aligned with future rental trends through the three malls, which are Elements Mall, Imperio Mall and Vedro by the River.
Most insurance recommendations meet customers' needs; higher chances of misconduct at roadshows: MAS
ROADSHOW sales had more incidences of unsuitable recommendations and inappropriate influence than through customer referrals.
Corporate earnings
The STI today
Singapore shares fall on Tuesday, bucking regional trend; STI down 0.3%
THE benchmark Straits Times Index (STI) slipped 0.3 per cent or 8.67 points on Tuesday to end at 3,109.20.
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